725 W THORNTON Ave #139 · Hemet, CA 92543

$75,555

2 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 50 Days on market

Built 1974 $66/sqft · 44% below area Est $135k · 44% under

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Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +2.9/5.0
• Livability +2.6/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

Key facts

• 2 garage spots
• Community pool
• Built 1974

Property features AI

Finance

• Other: Corner lot within the park; Lot is level/flat, paved, and near public transit; Walkstreet and park nearby
• Financial info: Land lease applies (amount and frequency available in listing)
• HOA & community: Located in a senior community; Community features include clubhouse access, curbs, sidewalks, street lighting, and a dog park; Community pool and spa (in-ground, fenced, tile, filtered, heated — gas/heated passively) located in complex; Park name: LONDON SPIRES; Manager approval required; Pets allowed with breed restrictions; Close to clubhouse and park amenities

Exterior

• Parking: Two covered carport spaces (attached); Two garage spaces; Paved driveway; Total of 4 parking spaces
• Security: Smoke detector(s); Carbon monoxide detector(s); Security lights; Resident manager on site
• Utilities: Public/district water; Public sewer (connected); Natural gas connected; Electricity connected; Cable available; Telephone available (in street)
• Home design: Single-story home; Entry at side; Faces east; Mobile home model: PARKWAY; Mobile unit remains on site (24' x 48')
• Construction: Year built per public records
• Exterior features: Covered front porch; Screened patio; Awnings; Exterior lighting; Shed (1)

Interior

• Kitchen: Range/stove hood; Water line to refrigerator; Laminate countertops; Water heater unit (gas)
• Bedrooms: Main floor primary bedroom; All bedrooms on ground level; Main floor bedroom; Converted bedroom; Office (could function as bedroom)
• Flooring: Vinyl flooring; Carpet; Laminate flooring
• Bathrooms: Two full bathrooms; Bathtub and shower (shower in tub); Low flow toilets and low flow shower; Closet in bathroom
• Heating & cooling: Central heating (natural gas furnace); Energy Star heating; Central electric cooling; Energy Star cooling
• Interior features: Chair railings; Pantry; Storage space; Ceiling fan(s); Tinted windows; Window screens; Linen closet/storage; Exhaust fan(s)
• Laundry & utility: In-unit laundry room; Washer hookup; Washer/dryer hookups in individual room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $76k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $76k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 22.4% vs local median 4.8% in Hemet — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 51/100 on livability (#1,056 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: crime D+, schools F, amenities F.
• Hemet Unified (suburban): math 19% / reading 41% proficiency, ranked #360 of 517 in CA (top 70%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.8%/yr); 270 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 9,195 units permitted in Riverside County in 2024 (1,512 in 5+ unit buildings).
• At $1,944/mo this rent would consume 47% of the median local household income ($49k/yr) (locally 2144% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $522 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Riverside County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.8% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; list at $76k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $73,288 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 2.57% ✓
• Cap rate: 22.39%
• Cash-on-cash: 57.48%
• DSCR: 3.56
• GRM: 3.2

CMA / ARV

• ARV (median comp): $135,000
• List price: $75,555
• Delta: -44.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
725 W Thornton Ave #22	0.00mi	2/2.0	1,092 (-5%)	10mo	$43,000	$39	83
725 W Thornton Ave #14	0.00mi	2/2.0	1,248 (+8%)	11mo	$68,000	$54	77
1167 Via Del Mesa	0.51mi	2/2.0	1,152 (0%)	1mo	$135,000	$117	76
1455 S State St #111	0.26mi	2/2.0	1,040 (-10%)	3mo	$102,000	$98	70
1536 S State St #58	0.57mi	2/2.0	1,152 (0%)	6mo	$125,000	$109	68
1083 Via Del Mesa	0.47mi	2/2.0	1,200 (+4%)	3mo	$149,900	$125	68
1111 W Johnston Ave	0.63mi	2/2.0	1,200 (+4%)	0mo	$135,000	$113	64
1536 S State St #219	0.57mi	2/2.0	1,248 (+8%)	0mo	$135,000	$108	59
1536 S State St #80	0.52mi	3/2.0 (+1)	1,232 (+7%)	10mo	$203,900	$166	50
838 San Francisco Dr	0.65mi	2/2.0	1,040 (-10%)	4mo	$110,000	$106	50
1536 S State St #134	0.57mi	3/2.0 (+1)	1,058 (-8%)	9mo	$122,500	$116	47
550 Santa Clara Cir	0.74mi	2/2.0	1,040 (-10%)	7mo	$165,000	$159	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.76% rent growth · sell at horizon

5-year hold

• IRR: 54.6%
• Equity multiple: 3.36×
• Total profit: $49,934
• Equity at exit: $11,265

10-year hold

• IRR: 59.2%
• Equity multiple: 6.54×
• Total profit: $117,123
• Equity at exit: $6,533

Cash invested: $21,155 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 92543

• Home prices YoY: -26.7%
• Rents YoY: 1.8%
• Active inventory: 270
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,944 high
• Mortgage (P&I): −$396
• Tax est. 1.5%: −$94 /mo · $1,133/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $1,013

Break-even live

Break-even rent $661

Max offer price $75,555

Occupancy floor 43%

Sensitivity live

Price	-10% $1,066	-5% $1,040	+0% $1,013	+5% $987	+10% $961
Rent	-10% $860	-5% $937	+0% $1,013	+5% $1,090	+10% $1,167
Rate	-1.0pp $1,051	-0.5pp $1,033	base $1,013	+0.5pp $994	+1.0pp $974

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,889
• Closing costs: $2,267
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1025 S Gilbert St Hemet, CA	1.0–2.0	1.0–2.0	890	$2,320	$2.61	3d	8	0.39mi
1005 S Gilbert St Hemet, CA	2.0	1.5	975	$1,825	$1.87	25d	2	0.47mi
409 E Thornton Ave Hemet, CA	2.0	1.0	970	$1,925	$1.98	0d	1	0.49mi
893 S Palm Ave Hemet, CA	2.0	2.0	720	$1,375	$1.91	6d	1	0.59mi
750 Santa Clara Cir Hemet, CA	2.0	2.0	800	$1,400	$1.75	16d	1	0.61mi
390 Magnolia Cir Hemet, CA	2.0	2.0	1038	$2,400	$2.31	0d	1	0.61mi
390 Magnolia Cir Hemet, CA	2.0	2.0	1038	$2,400	$2.31	5d	1	0.61mi
1711 Pepper Tree Dr Hemet, CA	2.0	2.0	864	$1,675	$1.94	23d	1	0.72mi
640 Vista del Monte Hemet, CA	3.0	2.0	1480	$2,650	$1.79	45d	1	0.74mi
735 S Gilbert St Hemet, CA	3.0	2.0	1202	$2,400	$2.00	45d	1	0.77mi
716 Robert Dr Hemet, CA	3.0	2.0	1450	$2,300	$1.59	6d	1	0.78mi
120 Santa Lucia Dr Hemet, CA	2.0	2.0	1197	$1,600	$1.34	45d	1	0.80mi
853 Douglas Ct Hemet, CA	2.0	2.0	1148	$1,850	$1.61	5d	1	0.81mi
101 San Mateo Cir Hemet, CA	2.0	2.0	1152	$1,790	$1.55	0d	1	0.82mi
678 Monterey Pl Hemet, CA	2.0	2.0	1047	$1,995	$1.91	45d	1	0.82mi
576 Montecito Ave Unit C Hemet, CA	2.0	2.0	861	$1,850	$2.15	18d	1	0.82mi
876 W Whittier Ave Unit 878 Hemet, CA	2.0	2.0	1127	$2,150	$1.91	25d	1	0.82mi
860 Douglas Ct Hemet, CA	2.0	2.0	1114	$1,850	$1.66	19d	1	0.83mi
1005 Lilac St Hemet, CA	2.0	1.0	894	$2,100	$2.35	0d	1	0.90mi
611 S Palm Ave Unit K Hemet, CA	2.0	2.0	1254	$1,895	$1.51	9d	1	0.93mi
700 Johnston Ave Unit 708 Hemet, CA	2.0	1.0	1000	$1,600	$1.60	9d	1	0.96mi
1955 Silver Oak Way Hemet, CA	3.0	2.0	1318	$2,250	$1.71	45d	1	0.96mi
1521 W Westmont Ave Hemet, CA	2.0	2.0	1197	$2,000	$1.67	45d	1	0.97mi
471 S Simpson Ave Unit D Hemet, CA	2.0	2.0	900	$1,750	$1.94	45d	1	1.09mi
1461 W Mayberry Ave Hemet, CA	2.0	2.0	1044	$1,750	$1.68	45d	1	1.15mi
363 S Gilbert St Unit B Hemet, CA	3.0	2.0	1200	$1,900	$1.58	15d	1	1.20mi
363 S Gilbert St Hemet, CA	3.0	2.0	1200	$1,900	$1.58	5d	1	1.20mi
1096 Burton St Hemet, CA	3.0	2.5	1477	$2,595	$1.76	0d	1	1.20mi
471 Whitney Dr Hemet, CA	2.0	2.0	1085	$1,800	$1.66	6d	1	1.25mi
1850 Amberwood Dr Hemet, CA	2.0	2.0	1170	$1,561	$1.33	45d	1	1.26mi
733 S San Jacinto St Unit B Hemet, CA	2.0	1.0	1000	$1,500	$1.50	25d	1	1.31mi
1354 Jasmine Way Hemet, CA	2.0	2.0	1440	$1,650	$1.15	45d	1	1.35mi
683 Jonquil St Hemet, CA	3.0	2.0	1150	$2,448	$2.13	25d	1	1.40mi
1287 Olive Tree Ln Unit C Hemet, CA	2.0	1.0	995	$1,495	$1.50	25d	1	1.41mi
1287 Olive Tree Ln Unit D Hemet, CA	2.0	1.0	995	$1,599	$1.61	45d	1	1.41mi
26454 S San Jacinto St Hemet, CA	3.0	1.0	800	$1,795	$2.24	4d	1	1.42mi
26452 S San Jacinto St Hemet, CA	3.0	1.0	800	$1,795	$2.24	4d	1	1.42mi
26450 San Jacinto St Hemet, CA	3.0	2.0	1250	$2,295	$1.84	4d	1	1.42mi
26416 S San Jacinto St Unit 26416 Hemet, CA	2.0	1.0	900	$1,675	$1.86	25d	1	1.46mi

Listing history 32 events

1. 2026-06-21
   days on market $75,555 Active 50 DOM
2. 2026-06-18
   days on market $75,555 Active 47 DOM
3. 2026-06-17
   days on market $75,555 Active 46 DOM
4. 2026-06-16
   days on market $75,555 Active 45 DOM
5. 2026-06-15
   days on market $75,555 Active 44 DOM
6. 2026-06-13
   days on market $75,555 Active 42 DOM
7. 2026-06-09
   days on market $75,555 Active 38 DOM
8. 2026-06-08
   days on market $75,555 Active 37 DOM
9. 2026-06-07
   days on market $75,555 Active 36 DOM
10. 2026-06-04
    days on market $75,555 Active 33 DOM
11. 2026-06-03
    days on market $75,555 Active 32 DOM
12. 2026-06-02
    days on market $75,555 Active 31 DOM
13. 2026-06-01
    days on market $75,555 Active 30 DOM
14. 2026-05-31
    days on market $75,555 Active 29 DOM
15. 2026-05-02
    listed $75,555 Active
16. 2025-03-13
    soldstatus $50,000 Closed Sale 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

17. 2025-02-28
    status Pending Sale 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

18. 2025-01-21
    price $53,000 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

19. 2024-12-31
    price $55,000 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

20. 2024-12-08
    price $60,000 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

21. 2024-11-15
    price $64,500 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

22. 2024-10-21
    price $66,900 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

23. 2024-09-23
    price $68,000 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

24. 2024-09-03
    price $70,000 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

25. 2024-08-28
    status Active 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

26. 2024-08-22
    status Pending Sale 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

27. 2024-07-22
    listed $75,000 Active 922-char remark

    Show marketing remark (922 chars)

    MOTIVATED SELLER for this 2 bedroom, 2 bath home in the age-restricted 55+ community of London Spires has new carpet & vinyl flooring throughout and has fresh interior and exterior paint. Newer 20'x8' porch enclosure with dual pane sliding glass window to enter living room. Living room is spacious, which opens up to the dining area with a built-in hutch, and there's a den to the side of that. Primary bedroom is at the front of the house with its bathroom, and the guest bedroom and bath are located at the back. Kitchen complete with gas stove, range hood and refrigerator. Inside laundry room with lots of storage and washer/dryer included. Long carport with shed at the end. Home has termite clearance. The community has a pool, spa, community kitchen & BBQ, library, laundry facilities, dog park, and clubhouse w/ billiards, ping pong, shuffleboard, gym equipment, tables/chairs & a big screen TV.

28. 2020-08-15
    historical
29. 2020-04-15
    historical Active Under Contract
30. 2020-02-21
    status Active
31. 2020-02-05
    historical Active Under Contract
32. 2020-01-16
    listed $25,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 7/10 Severe 6 d/yr ≥104°F today · 16 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,325
• − Mortgage interest: −$4,232
• − Property taxes: −$1,133
• − Insurance: −$378
• − Repairs & maintenance: −$1,866
• − Management: −$1,866
• − Depreciation: −$2,198
• Taxable income: $11,651
• Est. tax owed @ 24.0%: −$2,796
• After-tax cash flow: $9,364/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hemet Unified
• NCES district ID: 0616920
• Math proficiency: 19% ▼ -3.00%
• Reading proficiency: 41% ▲ 4.00%
• Median HH income: $39,962
• Composite: 25.16/100
• National rank: #7517
• State rank: #360 of 517 in CA

Livability — Hemet

• Score: 51/100
• State rank: #1056
• US rank: #25208

Category grades

Amenities F Commute F Cost of living F Crime D+ Employment F Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hemet, CA
• County: Riverside County · 2,287,001 people
• City population: 137,670
• Metro: Riverside-San Bernardino-Ontario, CA
• Population (ZIP): 39,937
• Household income: $49,396
• Rent vs Own: 42.8% rent · 57.2% own
• Severe rent burden: 2144.0

Population outlook (Riverside County) Hauer SSP2

• Today (2025): 2,664,475 people
• By 2030: 2,802,692 · +5.2%
• By 2040: 3,050,904 · +14.5%
• By 2050: 3,256,783 · +22.2%
• By 2075: 3,655,058 · +37.2%
• By 2100: 3,766,594 · +41.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Hispanic / Latino 54% White 30% Two or more races 18% Black 10% Native American 2% Asian 2%
• Hispanic origin (detail): Mexican 48% Puerto Rican 1%
• Common ancestry: Slovak 1% Romanian 1% Portuguese 1%
• Foreign-born: 21% · Canada
• Languages at home: 59% English-only · Spanish 38% Arabic 1% Tagalog/Filipino 1%

Political lean MEDSL · Riverside

• 2024 margin: Toss-up / Even · D 48.0% · R 49.3% · Other 2.6%
• 2008→2024 swing: -3.6pp toward R · 2008: 2.3pp · 2024: -1.3pp
• All cycles: 2024: R+1.3 2020: D+8.0 2016: D+4.3 2012: R+0.4 2008: D+2.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -147.46%
• Current HPI: 405.1277
• Rent YoY: ▲ 1.76%
• Metro: Riverside-San Bernardino-Ontario, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+202.2% since first listed

18 events — show timeline

• 2026-05-02 Listed $75,555 CRMLS
• 2025-03-13 Sold (MLS) $50,000 CRMLS
• 2025-02-28 Pending — CRMLS
• 2025-01-21 Price Changed $53,000 CRMLS
• 2024-12-31 Price Changed $55,000 CRMLS
• 2024-12-08 Price Changed $60,000 CRMLS
• 2024-11-15 Price Changed $64,500 CRMLS
• 2024-10-21 Price Changed $66,900 CRMLS
• 2024-09-23 Price Changed $68,000 CRMLS
• 2024-09-03 Price Changed $70,000 CRMLS
• 2024-08-28 Relisted — CRMLS
• 2024-08-22 Pending — CRMLS
• 2024-07-22 Listed $75,000 CRMLS
• 2020-08-15 Listing Removed — CRMLS
• 2020-04-15 Contingent — CRMLS
• 2020-02-21 Relisted — CRMLS
• 2020-02-05 Contingent — CRMLS
• 2020-01-16 Listed $25,000 CRMLS

Property tax history

-1.7%/yr

Latest (2025): $75 · +4.2% YoY. Source: county tax records.